UK exports rebound as import values hit record level

Britain's goods trade deficit stayed largely unchanged in March despite a rebound in exports to countries outside the European Union as overall import values also grew to a record level, data showed on Tuesday.

Related

Canada’s merchandise trade balance swung to an unexpected deficit in April as energy exports declined amid refinery shutdowns.
The deficit of $638 million followed a revised surplus of $766 million in March, Statistics Canada said today in Ottawa.
Economists surveyed by Bloomberg forecast a $200 million surplus, based on the median of 19 forecasts.

Following April's surprising drop in crude imports which led to a multi-year low in the March trade balance (revised to -$37.1 billion), the just released April data showed an 8.5% jump in the deficit to $40.3 billion, if modestly better than the expected $41.1 billion. This was driven by a $2.2 billion increase in exports to $185.2 billion offset by a more than double sequential jump in imports by $5.4 billion, to $222.3 billion.

Britain's trade-in-goods deficit widened in January, official data showed on Tuesday, even as exports to non-EU countries hit a record high level amid the ongoing debt crisis in the eurozone.The deficit grew to £7.5 billion (8.9 billion euros, $11.7 billion), the Office for National Statistics (ONS) said in a statement. That compared with a shortfall of £7.2 billion in December.Market expectations had been for a larger deficit of £7.9 billion in January, according to analysts polled by Dow Jones Newswires.

The US trade balance collapsed in April dashing hopes for the exuberant hockey-stock rebound in Q2 GDP. This is the biggest trade deficit since April 2012 and the biggest miss from expectations since October 2008. The last 2 months have seen the biggest slide in the deficit in a year as trade gaps with the European Union and South Korea reach records and the deficit with China surged by $7billion to $28 billion. Impots of capital goods, autos, and consumer goods all set records. And Q2 GDP downgrades in 3...2...1...

(WASHINGTON) — The U.S. trade deficit widened in May to its highest level in six months as a sluggish global economy depressed U.S. exports. Fewer exports mean U.S. growth in the April-June quarter could be weaker than previously forecast. The trade deficit rose to $45 billion in May, up 12.1 percent from $40.1 billion in April, the Commerce Department said Wednesday. It was the largest trade gap since November. Exports slipped 0.3 percent to $187.1 billion. Sales of American farm products dropped to their lowest point in more than two years. U.S.

(WASHINGTON) — The U.S. trade deficit widened in May to its highest level in six months as a sluggish global economy depressed U.S. exports. Fewer exports mean U.S. growth in the April-June quarter could be weaker than previously forecast. The trade deficit rose to $45 billion in May, up 12.1 percent from $40.1 billion in April, the Commerce Department said Wednesday. It was the largest trade gap since November. Exports slipped 0.3 percent to $187.1 billion. Sales of American farm products dropped to their lowest point in more than two years. U.S.

China's exports up but import growth weakens in possible sign economic recovery is slowing BEIJING (AP) — China's November exports accelerated but import growth slumped in a sign the recovery of the world's second-largest economy might be slowing. Exports surged 12.7 percent over a year earlier to $202.2 billion, up from October's 5.6 percent expansion, trade data showed Sunday. Imports rose 5.3 percent to $168.4 billion, but that growth was down from the previous month's 7.6 percent.